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Food and Drug Administration staff said a proposed sleep drug from Merck & Co. (MRK) was effective, but questioned the safety of the product's higher doses.Merck is seeking FDA approval of a drug called suvorexant to treat insomnia. The product will be reviewed Wednesday by the FDA's peripheral and central nervous system advisory committee. The agency released a preliminary review of suvorexant Monday in preparation for the meeting.The product was studied in more than 2,000 patients and one study followed patients for more than a year. FDA staff appeared to be in agreement that the studies showed suvorexant was effective at helping people fall asleep and then stay asleep. However, staff raised concerns about the safety of higher doses. The company is proposing two starting doses of the product, depending on age, and two higher doses of the drug.One medical officer wrote, "suvorexant is effective but not safe at the higher doses mainly studied," citing concerns about next-day driving im...
Exelixis Inc.'s (EXEL) first-quarter loss widened as the biotechnology company's revenue declined mostly owing to $10.7 million in revenue recognized in the year-ear...
U.S. stocks declined Wednesday as the Federal Reserve said it would keep buying $85 billion in bonds each month, but may cut or increase the program depending on the...
Major drug makers are finding it more difficult than expected to overcome the blow of recent patent expirations, with Merck & Co. (MRK) becoming the second company a...
FOX Business: Capitalism Lives HereEnergy and materials stocks were the worst performers on the day as energy futures took a thrashing on the back of a much bigger-t...
FOX Business: Capitalism Lives HereDisappointing jobs data and swelling oil inventories ignited worries about the global economy, and sent stocks and energy futures ...
Stocks held much of their broad losses midday, as investor jitters spread following disappointing economic data and the Federal Reserve's latest statement showed lit...
U.S. stocks declined Wednesday as the Federal Reserve said it would keep buying $85 billion in bonds each month, but may cut or increase the program, depending on th...
U.S. stocks came off session lows on Wednesday afternoon after the Federal Reserve said it would maintain its current monetary easing, as expected.The Federal Reserv...
U.S. stocks dropped sharply Wednesday, with the S&P 500 index retreating from its all-time high, as corporate revenue fell short of estimates, as did data on private...
U.S. stocks fell Wednesday as companies from MasterCard Inc. to Merck & Co. Inc. reported quarterly results that fell short on revenue and data on private-sector job...
U.S. stocks fell Wednesday as companies from MasterCard Inc. to Merck & Co. Inc. reported quarterly results short on revenue and data missed the mark on private-sect...
On Tuesday, it was Pfizer (NYSE:PFE).Wednesday, it is Merck (NYSE:MRK). Earnings reports from the two pharmaceuticals giants and Dow components have triggered two co...
Positive results from two early-stage studies of drugs from Bristol-Myers Squibb Co. (BMY) and Roche Holding AG (RHHBY) provided fresh evidence that the power of the...
German pharmaceutical retailer Merck KGaA (MRK.XE) Tuesday said it expects to achieve the guidance it gave for 2014 already one year earlier, after reporting a solid...
The following is a summary of analysts' forecasts for Merck KGaA (MRK.XE) first-quarter results, based on a poll of eight analysts conducted by Dow Jones Newswires (...
AbbVie Inc. (ABBV), the pharmaceutical business spun off from Abbott Laboratories (ABT), said its head of research and development will retire from the company.In a ...
The world's biggest drug makers have for years enjoyed rich premiums for their medicines in the U.S. market. Those days may be coming to an end.Companies like Pfizer...
A senior sales representative for Merck & Co has sued the drugmaker for more than $100 million, alleging it discriminates against female employees in terms of pay an...
Merck & Co. (MRK) said the U.S. Food and Drug Administration has accepted its biologics license application for a dissolvable tablet to treat ragweed pollen allergie...